BLACKROCK SMALLER COMPANIES TRUST PLC
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Cash
£36M
+271.3% highest in 3 filed years
Net assets
£604M
-1.8% lowest in 3 filed years
Employees
—
Average over period
Profit before tax
£18M
+175.4% highest in 3 filed years
Net assets
3-year trend · vs Financials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2026-02-28
| Metric | Trend | 2024-02-29 | 2025-02-28 | 2026-02-28 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | — | — | — | — | |
| Operating profit | -£32,578,000 | -£24,186,000 | £18,231,000 | +175.4% | |
| Profit before tax | -£50,984,000 | -£24,186,000 | £18,231,000 | +175.4% | |
| Net profit | — | -£24,186,000 | £18,172,000 | +175.1% | |
| Cash | -£7,871,000 | £9,736,000 | £36,146,000 | +271.3% | |
| Total assets less current liabilities | £755,721,000 | £684,322,000 | £673,413,000 | -1.6% | |
| Net assets | £686,206,000 | £614,779,000 | £603,842,000 | -1.8% | |
| Equity | £686,206,000 | £614,779,000 | £603,842,000 | -1.8% | |
| Average employees | — | — | — | — | |
| Wages | — | — | — | — | |
| Directors' remuneration | £200,739 | £239,859 | £226,541 | -5.6% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-02-29 | 2025-02-28 | 2026-02-28 |
|---|---|---|---|---|
| Return on capital employed | -4.3% | -3.5% | 2.7% | |
| Gearing (liabilities / total assets) | 10.9% | 10.2% | 10.4% | |
| Current ratio | 0.76x | 0.76x | 5.66x | |
| Interest cover | -20.26x | -20.98x | 18.66x |
Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Name history
Renamed 4 times since incorporation
- BLACKROCK SMALLER COMPANIES TRUST PLC 2008-04-25 → present
- MERRILL LYNCH BRITISH SMALLER COMPANIES TRUST PLC 2005-02-17 → 2008-04-25
- 3I SMALLER QUOTED COMPANIES TRUST PLC 1995-12-11 → 2005-02-17
- NB SMALLER COMPANIES TRUST PUBLIC LIMITED COMPANY 1993-12-21 → 1995-12-11
- NORTH BRITISH CANADIAN INVESTMENT COMPANY PUBLIC LIMITED COMPANY(THE) 1906-05-02 → 1993-12-21
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Financial Statements of the Company have been prepared on a going concern basis and the Directors believe that this is the appropriate basis at and the Company has adequate resources to continue in operational existence for the foreseeable future, being a period of at least 12 months from the date these Financial Statements were approved.”
Significant events
- “On 20 February 2026, the Board announced a proposed Scheme of Combination with THRG (The Combination), which was approved by the Company’s shareholders at a General Meeting held on 30 March 2026. The Combination was effected by way of a scheme of reconstruction and members’ voluntary winding up of THRG under Section 110 of the Insolvency Act, and the issue of new ordinary shares in the Company to THRG’s shareholders who are deemed to have elected to roll over their investment into the enlarged Company.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
8 active · 22 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BLACKROCK INVESTMENT MANAGEMENT (UK) LIMITED | Corporate Secretary | 2006-09-29 | — | — |
| AFE, Dunke Ololade | Director | 2024-01-01 | Oct 1976 | British |
| BARNES, Timothy James Kentish | Director | 2021-07-31 | Jan 1961 | British |
| GOULD, Ronald Jay | Director | 2019-04-01 | Feb 1948 | British |
| LANE, Angela Claire | Director | 2026-04-17 | Jun 1962 | British |
| LITTLE, Mark Jonathan | Director | 2020-10-01 | Sep 1963 | British |
| NASH, Louise Catherine | Director | 2026-04-17 | Feb 1976 | British |
| SINCLAIR, Helen Rachelle | Director | 2022-03-01 | Mar 1966 | British |
Show 22 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| 3I PLC | Corporate Secretary | 1995-12-11 | 2004-12-20 |
| BLACKROCK INVESTMENT MANAGEMENT (UK) LIMITED | Corporate Secretary | 2004-12-20 | 2006-09-29 |
| MARTIN CURRIE INVESTMENT MANAGEMENT LTD | Corporate Secretary | — | 1995-12-11 |
| BREWSTER, Richard David | Director | 1998-04-15 | 2012-06-27 |
| BURTON, Caroline Mary | Director | 2011-07-27 | 2022-06-09 |
| COATES, Kenneth Howard | Director | 1995-12-11 | 1998-04-04 |
| COLCHESTER, Nicholas Benedick Sparrowe | Director | 1995-12-11 | 1996-09-25 |
| DAVIES, John | Director | 1999-01-25 | 2011-07-27 |
| FALCONER, James Keith Ross | Director | 1992-04-01 | 2003-06-05 |
| FALCONER, James Alexander Reid | Director | — | 1991-07-24 |
| FFOULKES-JONES, Robert Garson | Director | 1998-04-15 | 2007-06-08 |
| FRY, Nicholas Rodney Lowther | Director | 2005-01-25 | 2019-06-04 |
| GOVETT, William John Romaine | Director | 1991-04-22 | 2005-06-02 |
| MACKENZIE ROSS, Philip Beverley | Director | — | 1995-12-31 |
| NOTT, Gillian | Director | 2005-01-25 | 2016-06-09 |
| PEACOCK, Michael William | Director | 2012-07-01 | 2021-06-11 |
| PLATTS-MARTIN, Susan | Director | 2016-04-21 | 2025-06-19 |
| ROBERTSON, Robert Sinclair | Director | 2008-04-23 | 2020-11-05 |
| STEWART, John Barry Bingham | Director | — | 1995-12-31 |
| TINDALE, Lawrence Victor Dolman | Director | — | 1994-06-06 |
| WATES, Christopher Stephen, Sir | Director | — | 1998-06-08 |
| WATES, Paul Christopher Ronald | Director | 1998-04-15 | 2004-06-03 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 589 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-06-29 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-29 | RESOLUTIONS | resolution | Resolution | |
| 2026-06-29 | AA | accounts | Accounts with accounts type full | |
| 2026-06-04 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2026-06-03 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2026-06-03 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2026-06-03 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2026-06-03 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2026-06-03 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2026-06-03 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2026-06-03 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2026-06-03 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2026-06-03 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2026-06-03 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2026-06-03 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2026-06-03 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2026-06-03 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2026-06-03 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2026-06-03 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2026-06-03 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2026-06-03 | SH03 | capital | Capital return purchase own shares treasury capital date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 20
- Capital events
- 18
- Officers appointed
- 2
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.